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You are here: Home / Archives for Award on Costs

State Counterclaim in Investment Arbitration

15/01/2018 by Aceris Law LLC

State Investment Arbitration

An ICSID arbitral tribunal awarded approximately USD 40 million in damages to Ecuador for the foreign investor’s liability for the costs of restoring the environment in an area concerned by the investment. This award of a counterclaim in investment arbitration was made by an arbitral tribunal composed of Gabrielle Kaufmann-Kohler, Brigitte Stern and Stephen Drymer in […]

Filed Under: Award on Costs, ICSID Arbitration, International Arbitration, Investment Arbitration

International Commercial Arbitration in Puerto Rico

04/12/2017 by Aceris Law LLC

International Commercial Arbitration in Puerto Rico

International commercial arbitration in Puerto Rico was modernised in 2012, when Puerto Rico finally amended its International Commercial Arbitration Law with the hope to become an attractive venue for companies and arbitration proceedings and therefore to make the most of its strategic location. The previous arbitration law which dated from the 1950’s was not adapted […]

Filed Under: Award on Costs, Commercial Arbitration, International Arbitration, UNCITRAL Arbitration

Argentina Arbitration Legal Reform

27/11/2017 by Aceris Law LLC

Argentina Arbitration Legal Reform

Argentina’s economy seems to be heading into the right direction after the devastating economic crisis experienced 15 years ago, which led to dozens of cases against Argentina at International Center for Settlement of Investment Disputes (ICSID). In addition to a very comprehensive political and economic reform, the Argentinian government is also undertaking a legal reform […]

Filed Under: Argentina Arbitration, Award on Costs, International Arbitration

Sales Representative (Iraq) v. Manufacturer (France), ICC Case No. 16684, Final Award (2012)

06/06/2017 by Aceris Law LLC

Sales Representative v. Manufacturer

This ICC arbitral award concerns the notion of estoppel and a Representation Agreement between the parties, and whether a contract was valid and enforceable despite a United Nations embargo, with respect to a contract under Swiss law. While the contract was being performed, an Iraq embargo was ordered by the United Nations following the invasion […]

Filed Under: Arbitration Clause, Award on Costs, France Arbitration, ICC Arbitration, International Arbitration

GETMA INTERNATIONAL, NCT NECOTRANS, GETMA INTERNATIONAL INVESTISSEMENTS & NCT INFRASTRUCTURE & LOGISTIQUE v. THE REPUBLIC OF GUINEA – ICSID 28 June 2012

05/06/2017 by Aceris Law LLC

GETMA INTERNATIONAL

This decision relates to the Respondent’s request to disqualify one of the arbitrators, namely Mr. Bernardo M. Cremades, who had been appointed by the Claimant. The Claimant had filed for arbitration at the ICSID on 29 September 2011 under the ICSID Convention and the Investment Code of the Republic of Guinea. The Parties agreed that […]

Filed Under: Award on Costs, ICSID Arbitration, OHADA Arbitration

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Aceris Law Secures USD 34,539,957 Final Award for American Client in ICDR Arbitration

Non-Payment of Advances on Costs in Arbitration

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